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  #1  
Old 06-23-2002, 12:41 PM
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Join Date: Jun 2002
Posts: 10
Alison Level 1 (10)
Default New Business In Dr
I am looking to start a tourist based business in DR but need help in research. Contacts needed and advice on all aspects of business in DR. I'm currently living in UK so information on visas etc. would be appreciated as well as employment law and property purchase.
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  #2  
Old 06-23-2002, 12:47 PM
Pib Pib is offline
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Join Date: Jan 2002
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Pib Level 2 Pib Level 2 (100)
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Please check this http://dr1.com/business/index.shtml as well as the extensive forum archive. You'll find more than you need there.
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  #3  
Old 06-23-2002, 02:52 PM
*** Sin Bin ***
  
Join Date: Jan 2002
Posts: 7,455
Escott Level 1 (11)
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First you need or should get your "Residency" in the DR to work and be legal. Many, many don't but I think it is a good idea to do it right. Cost about 1000- US dollars for me to get.

Then you have to pick a part of the country that suits your ideas which of course you have only mentioned Tourism. There is the North Coast which I personally like and then there is Boca Chica, and Juan Dolio on the east coast that others her like and probably 25 other popular places.

You can own property here as a foreigner so there is no problem with that. Post some more info and I would be happy to give you my two cents.

Regards
Escott
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  #4  
Old 06-23-2002, 02:58 PM
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Join Date: Jun 2002
Posts: 10
Alison Level 1 (10)
Default BUSINESS IN DR
The general idea is to purchase a bar with living accommodation. I'm also a qualified accounts technician and my partner is a mechanical engineer so we have those skills we can offer too.
How long would it take to get residency?
Where do we apply for residency?
I reaslise we have alot more research to do to settle on location, we visited San Juan but are thinking about Puerto Plato. Advice on this is also welcome. Thank you.
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  #5  
Old 06-23-2002, 04:19 PM
Ken Ken is offline
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Join Date: Jan 2002
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Ken Level 1 (30)
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I would suggest you post your questions on getting residency on the legal page so that you can get input from the resident lawyer, Fabio Guzman. Be sure and include in your questions how much of the residency-getting process you can complete while still in the UK.

Getting residency while residing in the DR doesn't take long, but it is advisable to have the assistance of a reputable attorney.

Once you have your residency you should also get a personal identification card, called a cedula. The attorney you use for your residency can help you with that, also.

PS: Do you mean Santo Domingo? San Juan is in Puerto Rico.
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  #6  
Old 06-23-2002, 06:58 PM
*** Sin Bin ***
  
Join Date: Jan 2002
Posts: 7,455
Escott Level 1 (11)
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It took me about 3 months in total to get my residency. I can give you an email address to my attorney in Puerto Plata or you can use the one on this board in the legal message board who happens to be a nice fellow and seems to run a very efficient business.

Took only one trip to the Capital after I gave the attorney all my paper (birth certificate, letter from Police saying I wasnt wanted in 20 states, x number of pictures and I also gave letters of credit from a bank, a brokerage house and a letter of recommendation from 2 banks.

On my next trip down it was completed.

I then changed my name from Scott to Escott because the Dominicans have a hard time pronouncing SC of Scott and call me ES Cott. I didn't change it legally but enjoy the new pronunciation.

I am also a qualified drinker so let me know where in P. P. you open so I can visit and help your economy

Regards
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  #7  
Old 06-24-2002, 12:15 AM
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Join Date: Jan 2002
Posts: 2,991
BushBaby Level 3 BushBaby Level 3 (156)
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Ken,
Perhaps the good lady is referring to RIO San Juan near Playa Grande?

Alison,
Derek (another Ex-Pat Brit - via South Africa) is looking to sell "SOMEWHERE NICE" which is also known as the British Pub, in the down town section of Puerto Plata! Not that I would recommend starting in the bar business until you have found out how things work (or DON'T work) in this country, but I can find out what he is asking if you like. It will give you an idea of how costly this will be!!! Maybe get you some sales figures too??!!

Bars open & close regularly here so don't hold your breath trying to make a fortune - or even a decent living for that matter!! You will find lots in the archives - see how many actually decided to go ahead with the idea! - Grahame.
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  #8  
Old 06-24-2002, 02:58 PM
Bronze
  
Join Date: Jun 2002
Posts: 10
Alison Level 1 (10)
Default BUSINESS IN DR
The reason I am here is to do the research to find out how things work before embarking on this adventure. Bars open and close in this country too, any business requires dedication, hardwork and luck! This isn't something I'm going into with my eyes closed but I will look into the archives as part of this research, at least we know we'll have one customer!
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  #9  
Old 06-28-2002, 05:46 PM
*** Sin Bin ***
  
Join Date: Jan 2002
Posts: 7,455
Escott Level 1 (11)
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Make that two. I will drag in Bushbaby with me when you are opened! LOL
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  #10  
Old 06-30-2002, 11:53 AM
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Join Date: Jan 2002
Posts: 10,967
Hillbilly Level 3 Hillbilly Level 3 (178)
Default Remember that Eddy is selling the Sports Bar in sosua
There is a going concern....You can post a question or two here or get in touch with him directly...
HB
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